Description
Unlock the potential of this prime redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Situated in the heart of Downtown LA's Pico-Union neighborhood, this 6,242 square-foot lot currently features a vacant 1,667 square-foot single-family home built in 1920, ready for transformation. Fully entitled and permitted for a seven-story, 26-unit multifamily building, this project comes with approved permits in hand, allowing developers to break ground immediately. The plans include 18 parking stalls, 22 market-rate units, and four designated affordable housing units, making it an attractive investment in a high-demand rental market. Located just moments from Crypto Arena, LA Live, and the Los Angeles Convention Center, the property offers unbeatable access to the city's top entertainment, business, and transportation hubs. With close proximity to public transit and major freeways, future residents will enjoy seamless connectivity throughout the city. This shovel-ready project presents an incredible opportunity for developers, investors, and builders looking to bring a modern multifamily vision to life in one of Los Angeles' most dynamic and rapidly growing neighborhoods. Don't miss this rare chance to capitalize on LA's booming real estate market--contact us today for full plans and details.
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3BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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1,667SQFT
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$1,050$/SQFT
School Ratings & Info
Description
Unlock the potential of this prime redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Situated in the heart of Downtown LA's Pico-Union neighborhood, this 6,242 square-foot lot currently features a vacant 1,667 square-foot single-family home built in 1920, ready for transformation. Fully entitled and permitted for a seven-story, 26-unit multifamily building, this project comes with approved permits in hand, allowing developers to break ground immediately. The plans include 18 parking stalls, 22 market-rate units, and four designated affordable housing units, making it an attractive investment in a high-demand rental market. Located just moments from Crypto Arena, LA Live, and the Los Angeles Convention Center, the property offers unbeatable access to the city's top entertainment, business, and transportation hubs. With close proximity to public transit and major freeways, future residents will enjoy seamless connectivity throughout the city. This shovel-ready project presents an incredible opportunity for developers, investors, and builders looking to bring a modern multifamily vision to life in one of Los Angeles' most dynamic and rapidly growing neighborhoods. Don't miss this rare chance to capitalize on LA's booming real estate market--contact us today for full plans and details.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T21:40:41.013. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.